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Larry Ellison Becomes the Richest Man in the World, Overtaking Elon Musk

The race to become the richest person in the world has taken a dramatic turn. Oracle’s cofounder Larry Ellison has surpassed Elon Musk to claim the title of the world’s richest person.

How Larry Ellison Became the World’s Richest Man

On Tuesday, Oracle (ORCL) announced stunning earnings that sent its stock soaring by more than 41% in a single day – the biggest one-day jump since 1992. The surge in demand for Oracle’s AI-powered cloud infrastructure has pushed Ellison’s net worth to $393 billion, according to Bloomberg Billionaires Index.

• Elon Musk net worth currently stands at around $385 billion, placing him just behind Ellison.
• Bloomberg reported Ellison’s leap as the biggest one-day increase in wealth ever recorded.
• With Oracle’s market value now approaching $1 trillion, Ellison has become the richest man in the world.

Why Oracle’s Stock Skyrocketed

The rise of artificial intelligence is reshaping global markets, and Oracle has emerged as a major player in this transformation:

• Oracle signed four multibillion-dollar contracts with AI companies.
• The company revealed a $455 billion backlog in demand for its AI services.
• In July, Oracle announced a deal with OpenAI (the parent of ChatGPT) to provide 4.5 gigawatts of electricity for powering AI models.
• CEO Safra Catz said several more massive deals are expected in the coming months.

This incredible growth proves why Ellison has suddenly overtaken Musk in the list of the richest people in the world.

Who is Larry Ellison?

Many people are now asking: who is Larry Ellison, the world’s richest person today?

• Larry Ellison co-founded Oracle in 1977 after dropping out of college.
• At 81 years old, Ellison is still at the forefront of the AI revolution.
• He owns 98% of the Hawaiian island of Lanai.
• He revived the Indian Wells Tennis Tournament, giving it the nickname “Fifth Slam.”
• Ellison also has strong ties with political leaders, including former U.S. President Donald Trump.

His decades-long vision of building Oracle into a cloud and AI powerhouse has finally made him the world’s richest man.

Elon Musk’s Position in the Billionaire Race

Elon Musk, who held the crown of the richest person in the world for several years, now sits in second place.

• Musk first became the world’s richest man in 2021 thanks to Tesla and SpaceX.
• He briefly lost the title to Bernard Arnault (LVMH) in 2021 and to Jeff Bezos (Amazon) in 2024.
• Despite setbacks, Musk’s fortune continues to rise with Tesla’s ambitious projects.
• If Tesla achieves its new performance milestones, Musk’s latest pay package could add nearly $1 trillion to his wealth in the future.

AI is Redefining Wealth and Power

The richest people in the world are now being defined by the AI boom:

• Nvidia has become the world’s most valuable company with a $4 trillion valuation.
• Microsoft briefly crossed $4 trillion as well.
• Oracle’s stock has doubled this year, rising 103% in 2025 alone.
• The top eight most valuable companies in the S&P 500 are all tech stocks deeply invested in AI.

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Who is the Richest Person in the World?

As of now, the answer is clear: Larry Ellison has overtaken Elon Musk and become the richest man in the world. With a fortune of nearly $393 billion, Ellison’s success reflects the massive opportunities in AI and cloud computing.

The global billionaire race is no longer just about cars, rockets, or luxury goods — it is about who controls the infrastructure that will power the AI-driven future.